I have been testing some ideas new to me such as Gann box and using it together with the Viper Volume Profiler with a 4hr chart. I also found some patterns in the "OBV MA Crossover". I noticed a spike in selling volume which precedes a major larger spike in selling. I seems pretty consistent, 11-bars on a 4hr chart after a minor sell off, there is a bigger sell off which I found is testing the major support line before it bounces back up.
I used several indicators and my own technical analysis to help me buy ETHUSD today (Feb-20) when it tested a major trend line of support and triggered my limit order @1820. I then watched it bounce up and continuing its trend upwards. ETHUSD low today was 1811.45 and that is after it had made an all-time-high of 2041.42 on Feb 19.
Based on the current trend and a Fib extension chart I drew, I think ETHUSD may hit 2223 and higher in the next 10-14days before retesting the major trend line again at 2129 to 2207
I used several indicators and my own technical analysis to help me buy ETHUSD today (Feb-20) when it tested a major trend line of support and triggered my limit order @1820. I then watched it bounce up and continuing its trend upwards. ETHUSD low today was 1811.45 and that is after it had made an all-time-high of 2041.42 on Feb 19.
Based on the current trend and a Fib extension chart I drew, I think ETHUSD may hit 2223 and higher in the next 10-14days before retesting the major trend line again at 2129 to 2207
Dagangan ditutup: hentian tercapai
I got stopped out when ETHUSD went below 1925. My position closed.(glad I had one!) Waiting to see if there is a further drop to support @ 1765-1816. Otherwise, it could drop to support on the daily time frame of 700-800. On the weekly time frame, a cup-and-handle pattern is evident which supports the drop to the 700-800 range. This would be a great place to re-enter ETHUSD as I am still bullish long-term.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.